with us for the hour today, joe terrano terranova, and steve weiss, and jon and pete najarian, and aove in the techs today, from the chips to the cloud and old tech on the move pushing the nasdaq positive for the month, and steve weiss, how important to get a pick up in a lagging sector? >> well, it is significant, because it is not the only lagging sector picking up, and also the

with us for the hour today, joe terrano terranova, and steve weiss, and jon and pete najarian, and a monster move in the techs today, from the chips to the cloud and old tech on the move pushing the nasdaq positive for the month, and steve weiss, how important to get a pick up in a lagging sector? >> well, it is significant, because it is not the only lagging sector picking up, and also the financials, and what two great leadership groups taking over. i was looking at the stocks today beaten up, and the fundamentals are beaten up as well such as the rax space, and microsoft and intel and going down the list and the few that are not moving. >> and cisco, and the chips and this is what jim krcramer said this morning. there are two types of tech, tech that is cloud-related and the digital seagate and microsoft, and we had a positive piece about microsoft, and positive talk from cowen saying to get ahead of western digital before the earnings, and this is a tech rally, and the cloud and the old fashioned tech and it can occur. pete? >> well, last week, we saw the cisco numbers that were

now after posting the fifth straight quarter of declinindec macy's is down, and it is a wreck, steve weiss>> yes, and you have to buy it to know that you will beat their ea

now after posting the fifth straight quarter of declinindec macy's is down, and it is a wreck, steve weiss, indeed. >> yes, and you have to buy it to know that you will beat their earnings, because it is fairly valued here, and maybe upside of 35, 36, but they took a hatchet to the earnings estimates to which they took a hatchet to earlier, so right now, you are seeing the slow death knell of the spiral of the department stores as there are so many alternative avenues, not just are from the shopping, and amazon is a big killer, but also from the entertainment, and they won't go away forever, but they have to shrink massive ly, and shrink the square footage. >> and terry lundgren has given up on the consumer spending, and fifth straight quarter of a sales drop. what can turn it around? >> well, they have to see how the off brand is going the work for them, and it is working for others out there, and we know about the basically the tj maxx's of the world, and they are starting to the push, but, scott, to your point, they have to figure out something. they have to figure out talking about the

. >> and steve weiss, monsanto, and potential that the suitors are up 9%. >> and monsanto who is the now hunted. so it is a quality name, and quality company, and fairly steady business and makes sense as the acquisition target, and with the stronger dollar, it is going to go forward and lots of m&a, and particularly with the cheap money. >> and now, here is one that you have owned in the portfolio, and real life, too, in the personal account, piper cutting the price target of palo alto from 208 to 180, and the stocks are trading 129. >> stocks are 129. wow. they cut it to 180 from 208 and that is a bad job and needs to be cut much deeper. in terms of the fundamentals, palo alto is e showing you the growth on the quarterly basis, but the problem with the stock is that it is not performing, and disappointing, and with the strong sell discipline, it is not a name that i am and cannot suggest you be in as well. >> and now, a shake-up in brazil, and the protests are erupting as the senate votes to impeach dilma rousseff, and we will have more of what that mean means to the markets with m

for the hour, steve weiss, jeb lebenthal and jon and pete najarian.nd now, leading the way is cisco and qualcomm and others outperforming, and this is your bailiwick, and these are the value names? >> yes, i like the names, cisco, intel and qualcomm are ones that we own, and they are nicely yielding stocks with multiples of 11 to 13 and depending which one you are looking at, and is cisco with the 3.5% yield, and intel is the same, and qualcomm with the 4.5% yield, but we have talked about it before, is old new? but looking at a name like qualcomm, and in particular, you are seeing the the breakout that you have not seen this year, and this time last year in the high 60s and now in the low 50s, but i believe it can get back to the high 60s with the breakout on the chart. >> and now, i will throw in the ibm and both of the hewlett-packards and the western dij, because they are outperform ing. >> yes, the applied are crushing it. and now, intel is up 80 cents today which is a 1.5% move, but of the stocks, unfortunately the one that you named, mel, the o

for the hour, steve weiss, jeb lebenthal and jon and pete najarian.way is cisco and qualcomm and others outperforming, and this is your bailiwick, and these are the value names? >> yes, i like the names, cisco,

>> there was something, steve weiss and i were talking about all these various media companies and all the struggles they were in. it seemed like viacom was starting to move in the right direction. they certainly have not. all we have seen is noise after noise after noise. obviously, all of this is just causing, look at the way the stock's moving today. i almost would have expected to see the stock getting hit a little bit. instead here we are up and it's actually off of the highs but was nearly $41 a share earlier today. i think it's an interesting reaction. mr. gabelli needs to get a little more aggressive -- >> he's been involved for so long in this story. i didn't get the sense from our conversation that he was ready to go there yet. >> it's not his style. >> i'm not the one saying he appears to be loyal. he said i'm a loyal guy. i have been there a long time. i gave the guy at the beginning of the year, a year to turn things around. that being dauman to try to turn things around. i'm going to stand by my word. it's almost june. he's got another six months or so to do something but

i know steve weiss has a question. >> if you are a health care investor going to big pharma or a company like this, and you are seeing the business model has to change because while only 13% of the business you say has been priced, actually if you look at all last eight quarters, price has exceeded volume in terms of bringing in the revenues. i'm looking at other companies that had investment grade ratings now that aren't that much more expensive than a p.e. basis but giving 3% or 4% dividend. why buy valeant instead of one of those? >> not sure which companies you're referring to. next 12 month's trading at three times earnings. >> you have to change the model to get there. >> no, no, no. no, no, no. the numbers the company put out today is not -- the projections for the next 12 months that were put out on the call on march 15th reflect the meaningful price concessions the company has taken, reflect the 30% reduction and also the company not raising price over the course of the year. i think three times earnings, a lot of bad things can happen. you can still make a lot of money. also, t

. >> steve weiss has something for you, toni. >> well, it is a great idea. the issue is with the companies he cited. they are more business subscription models, and you are talking about the consumer subscription model which would not replace some of what they have, so it would have to take the capital or the fees away from somebody else or add the costs which is significant. do you think that they would do it or might it not push others away from more a la carte to samsung phones or what have you? >> well, certainly, there is a risk both in terms of the consumer acceptance, and some carriers may not like it, because they feel they are losing lez control of the customer, but i think that there are lots of examples. i mean, adobe is a consumer and office product, and sold its services, but think of the car rental, because zip kcar is a cr rental service, and amazon subscribe and save and that is a subscription-based model, and even razor blades are sold on the monthly subscription basis. so when the offering is compelling, that there's consumers wo can embrac

. >> and i have some of the traders here, and stephen weiss is here with josh brown. and steve, you have spent a lot of time thinking about what is happening in china, and how that market is impacting our own markets here, and so is everybody else. >> yeah. i think that the worst thing they can do is to nonevent deback to the weaker devoi of the currency market is 30%, and they are doing it at 4.6%, and all it is going to do is to hasten the outflow or the outflow capital as the investors are worry and the chinese are wor worried about how much lower is this going to go? as you recall, they heightened the bet and raised it, so i think that to jim's point that, you can't have confidence that they know what to do or they are going to do the right thing, and when you look at the accounting as well, and on jim's other side, it is long alibaba and still long on it? >> yes. i'm long j.b. as well, and they don't have the accounting issues of bau ba has, but the markets got a little sanguine with the investors about china is cured and fine and doing the right thing. >> and seemingly do